ASX appoints Robert Woods as a non-exec director

Maria Nikolova

Mr Woods will be replaced as Chairman of ASX Clear Pty Limited and ASX Settlement Pty Limited by Stephen Knight.

ASX Limited has earlier today announced the appointment of Robert Woods as a non-executive director, with his appointment effective January 1, 2020.

ASX Chairman, Rick Holliday-Smith commented: “The Board and I are delighted that Rob has agreed to join us. He brings to the Board over 30 years’ experience in financial markets and a strong understanding of ASX and its businesses. Rob has served for the past four years as a director on our subsidiary clearing and settlement boards, including as Chairman of ASX Clear Pty Limited and ASX Settlement Pty Limited, the licensees for our cash equities clearing and settlement facilities.”

Mr Woods was formerly the Chief Executive, Strategy at Challenger Limited, and has previously served as Chief Executive of Challenger’s Funds Management and Asset Management businesses. He started his career at Bankers Trust Australia and became Executive Vice-President and Head of Equity Derivatives.

Mr Woods will be replaced as Chairman of ASX Clear Pty Limited and ASX Settlement Pty Limited by Stephen Knight. Mr Knight has been a director of ASX’s subsidiary clearing and settlement boards since June 2019, and was previously Chief Executive Officer of NSW Treasury Corporation.

Also today, ASX announces the appointment of Carolyn Colley as a non-executive director of ASX’s subsidiary clearing and settlement boards. Ms Colley has more than 30 years of experience in financial services, technology and innovation. She is a non-executive director of OnePath Custodians, Oasis Fund Management, and Smartgroup Corporation Limited, and Chief Operating Officer and co-founder of Faethm, a global analytics software-as-a-service platform. She has previously held senior executive roles at Macquarie Bank, St George Bank and BT Financial Group.

Read this next

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”